Investing in U.S. real estate is an important financial strategy for many new immigrants and high-net-worth individuals to allocate their overseas assets. So, what is the U.S. real estate market actually like? Worldway U.S. immigration experts analyze: homes priced between $750,000 and $1 million are the most sought-after in the U.S. real estate market, but what you can buy for $1 million varies significantly from San Francisco to Peoria, Illinois.
According to a report by the financial website MarketWatch, the table below lists the cities with the most expensive luxury homes in the U.S. in the fourth quarter of 2014. Unlike other real estate markets, sales in these areas where luxury homes are concentrated are not affected by factors such as the stock market or low interest rates.
Rank | Region | Average Luxury Home Price (USD) |
1 | Miami Beach, Florida | 8,337,000 |
2 | Los Angeles, California | 4,808,000 |
3 | San Francisco, California | 4,668,000 |
4 | Boston, Massachusetts | 3,380,000 |
5 | Irvine, California | 3,180,000 |
6 | Kirkland, Washington | 2,435,000 |
7 | Bellevue, Washington | 2,435,000 |
8 | Huntington Beach, California | 2,426,000 |
9 | Washington, D.C. | 2,402,000 |
10 | Fort Lauderdale, Florida | 2,353,000 |
For $1 million, you can buy the following types of homes in the U.S.:
1 San Francisco
$1 million can buy this 2-bedroom, 3-bathroom house in San Francisco, USA
This city is known not only for its cable cars and fog, but also for its top-tier housing prices. This apartment is located in Palo Alto, the heart of the world-famous Silicon Valley, just 1.7 miles from Stanford University (with daily free shuttle service), a 20-minute drive to nearby major companies such as Google, Yahoo, Apple, Oracle, Cisco, HP, etc., and a 30-minute drive to San Francisco. Palo Alto has some of the best school districts in the U.S., making it ideal for families who want their children to receive an education in the United States.
2 Southern California
$1 million can buy this 3-bedroom, 3-bathroom property in Southern California, USA
This beautiful, brand-new 3-story townhouse is located in the heart of Pasadena, Southern California, near the California Institute of Technology, making it a perfect vacation home. The residence has 3 bedrooms and 3 bathrooms, with a building area of 1,779 square feet (approx. 165 square meters). Other amenities include: Samsung stainless steel kitchen appliances, custom silent-close wooden cabinets, modern decor, a security system, and a private courtyard.
3 Bellevue
$1 million can buy this 4-bedroom residence in Bellevue, USA
This is a brand-new residence located in the Bellevue-Lakemont area of Washington State, with a strong focus on quality and detail. The interior features 4 bedrooms, 3.5 bathrooms, a gourmet kitchen, a study, and a bonus room. The interior area is 3,915 square feet (approx. 363.7 square meters), situated on 1 acre (4,047 square meters) of scenic land. The lower level has 2 additional rooms that can be used as a screening room, gym, hobby room, or storage room, depending on your needs. It includes two large 2-car garages and parking space for RVs and boats.
4 Kirkland
$1 million can buy this 4-bedroom, 3-bathroom property in Kirkland, Washington, USA
Kirkland, Washington, is home to the famous tech company Google. This 4-bedroom, 3-bathroom villa is located in Kirkland. The property is well-situated with mountain views, convenient living, nearby shopping centers and parks, and easy access to transportation and highway exits.
5 Dallas
$1 million can buy this 4-bedroom property in Dallas, USA
This modern-style residence is located in Dallas, Texas, USA, near parks, golf courses, and business districts, offering a very convenient lifestyle. The residence is 3,631 square feet and features 4 bedrooms, 3.5 bathrooms, 1 entertainment room, 1 studio, and a two-car garage.
Worldway U.S. immigration experts analyze that with the U.S. dollar exchange rate entering a rapid upward channel, converting RMB assets into USD assets is undoubtedly an excellent way to allocate assets. In 2015, U.S. investment immigration will face many complex situations such as visa backlogs, potential investment amount increases, and the expiration of the Regional Center Program. At the same time, the strong recovery of the U.S. economy highlights that the current stage can be called the golden period for applying for U.S. EB-5 investment immigration. For investors intending to immigrate to the United States, choosing this period to apply for U.S. EB-5 investment immigration can not only actively respond to visa backlogs and avoid uncertainties such as investment amount increases and the expiration of the Regional Center Program, but also seize the opportunity for overseas asset allocation.
Worldway has launched two major projects that have been pre-approved by the U.S. Citizenship and Immigration Services: the New York Liberty Garden luxury apartment project and the Pennsylvania Highway project. The New York Liberty Garden luxury apartment project has a high net asset guarantee of 14.5 times, and the developer, Lightstone Group, is one of the largest and most successful unlisted integrated real estate developers in the United States. The founder of the developer provides a personal asset guarantee of 11.7 times. The Pennsylvania Highway project is funded by state government loans with a state government repayment commitment, making it a 100% U.S. government EB-5 project. The first phase was sold out in just two months. Currently, the second phase of the Pennsylvania Highway project is seeing even more enthusiastic demand than the first. For details, please inquire: 400-138-2929.
